Acquisitions10 Dec 2025, 04:01 pm
IG Petrochemicals Completes Acquisition of IG Biofuels, Making it a Wholly Owned Subsidiary
AI Summary
IG Petrochemicals Ltd. has completed the process of acquiring shares of M/s. I G Biofuels Ltd., making it a wholly owned subsidiary. This update comes after the company's previous disclosures on May 18, 2023, and November 3, 2025, in accordance with Regulation 30 of SEBI (LODR) and Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The effective date of this acquisition is December 9, 2025.
Key Highlights
- IG Petrochemicals has completed the acquisition of IG Biofuels.
- IG Biofuels is now a wholly owned subsidiary of IG Petrochemicals.
- This acquisition was disclosed in accordance with SEBI regulations on May 18, 2023, and November 3, 2025.
- The effective date of the acquisition is December 9, 2025.